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20131202
20131210
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george w. bush's economic advisor, now professor at stanford university. welcome back. gdp report today surprisingly strong, up 3.6% at an annual rate for the third quarter. however, there is always a however on this, much of it was unexpected boost to inventories, non-farm inventories, up almost $60 billion. people say that's not sustainable and therefore, the 3.6% is not sustainable. where do you come out on that? >> i think that's actually not right. i think the 3.6% may not be sustainable but it has very little to do with inventories. in fact, what you find is if you look at changes in inventories in one quarter, they tend to predict in a positive direction, not a negative direction what's going to happen in the next quarter. in other words, you have a good quarter for inventories, you're more likely to have a good quarter next quarter, not a bad quarter. the reason for that is that the inventories are essentially forecasting where the economy's going in the future. if the economy is heating up, manufacturers need to produce goods so that they have them on board when the economy is
for democrats. the president is polling at a low in his presidency that looks similar to where george w. bush was at this time in his presidency. things are complicated. you know, they say a week is a long time in politics. we've got a year before mid-term elections. as morris has said, both parties are looking for a way to bolster their ratings and to show that they are willing to get things done. i still think this is a pretty unproductive looking congress. >> thanks for that. morris reid joining us. >>> u.s. futures meanwhile are indicated -- >> thanks are morris. >> -- are indicating a flattish start right now. we turned down slightly. the dow is just below fair value. the nasdaq is above fare value. we snapped eight weeks of gains but a strong finish on friday. joining us, ben, traders.com. are we comfortable with the fact that the fed may taper next week or announce a tapering? >> i think this's a lot of opinions out there in terms of when the fed will start that activity. my personal opinion is that it's not necessarily 100% given that the fed is going to be as trans parent as it seems
, is joe watkinss, republican strategist and former white house aide for president george h.w. bush. let's start with that november jobs number. joe, why don't you take it away. employers adding more jobs than expected, unemployment rate at %, is this good, too good to be true or what? >> well, those are good numbers. i prefer to see the rate of unemployment number go down instead of going up. you have to look at what's behind the numbers. the labor force is not growing and the fact that labor force is not growing means that now we have to create fewer jobs in order to keep the rate of unemployment level. so at one point a few years ago we needed to create about 150,000 jobs a month in order for that rate of unemployment to stay even. now we only need to create about 100,000 jobs a month in order for that rate of unemployment to stay flat and if we exceed that as we've done this month the last couple months, last few months, a downturn in the rate of unemployment. the labor force participation rate is the question, is 63% still, it was 63%, four years ago or -- in 2007, it was at 67%. so
, former president george h.w. bush said mandela was a man of tremendous moral courage who changed the course of history in his country. the dalai lama sharing his thoughts. >> at this moment, firstly, very sad. but at the same time, the certainness -- other people who have the sense or feeling, then we must translate that sadness, translate into determination. we must continue so his spirit is very important. >> celebrities expressing their sentiments. oprah says one of the greatest moments of my life was to be invited to his home and get to know him. he was everything you ever heard and more. humble and unscathed by bitterness and always told a good joke. being in his presence was like sitting with grace and majesty at the same time. he will always be my hero. in just a few minutes, we'll have a live report from johannesburg. >>> first, though, the other big story we're following today, and that is the jobs report. now less than -- where's our clock? 26 minutes, less than 30 minutes away from the jobs report. joining us now mark zandi, christian weller at the university of massac
Search Results 0 to 3 of about 4